Cramer's 'Mad Money' Recap: High on Clearwire

Cramer spotted a pair with AT&T and Deutsche Telekom. He suggested selling DT and picking up a defense or finance stock instead.

Cramer's next caller named the following five stocks: Under Armour (UA Quote), Google (GOOG Quote), Sears (SHLD Quote), Goldman Sachs (GS Quote) and Halliburton (HAL Quote).

Cramer said he wouldn't do a thing to the portfolio "other than applaud it." He owns Sears, Halliburton and Goldman Sachs for his charitable trust, Action Alerts PLUS.

His last caller held these five stocks in his portfolio: Live Nation (LYV Quote), Toyota Motor (TM Quote), Quest Diagnostics (DGX Quote), Altria and Transocean (RIG Quote). Cramer owns the last four for his charitable trust.

The problem here is with Live Nation, Cramer said. He said the caller was diversified, but advised him to sell Live Nation.

The Chance of a Life Time

Cramer welcomed Life Time Fitness (LTM Quote) CEO Bahram Akradi to the show and asked him why his stock was down today, despite reporting a great quarter.

"I don't really know why the stock was down $1.77 today," Akradi responded. "We can't be more excited about last year's results, the outlook for this year and the potential of the additional variation of our facilities."

When Cramer asked why Credit Suisse would consider it bad that the fitness-center operator has a new three-story urban-residential model, as opposed to its previous two-story suburban, Akradi said people have "completely taken it in the wrong direction" and are wrongly relating the clubs to two-story retail stores, where people don't like to shop.